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Rubber and articles thereof

40 (Harmonized System 1992 for 2-digit)

2023
World Trade $219BRnk 19 / 96
2023
Top Exporter | Top Importer $34.3B | $34.6BChina | United States
2023
Product Complexity 0.73Rnk 25 / 96
2022 - 2023
Export Growth (CAGR) -6.61%Rnk 50 / 96
2023
Share of World Trade 0.97%Rnk 19 / 96

About

Overview This page contains the latest trade data of Rubber & articles thereof. In 2023, Rubber & articles thereof were the world's 19th most traded product, with a total trade of $219B. Between 2022 and 2023 the exports of Rubber & articles thereof decreased by -6.61%, from $234B to $219B. Trade in Rubber & articles thereof represent 0.97% of total world trade.

Rubber & articles thereof are a part of Plastics and Rubbers. They include Rubber Tires, Other Rubber Products, Synthetic Rubber, Rubber, Rubber Pipes, Rubber Apparel, Compounded Unvulcanised Rubber, Rubber Belting, Rubber Sheets, and Used Rubber Tires, among others.

Exports In 2023 the top exporters of Rubber & articles thereof  were China ($34.3B), Thailand ($18.1B), Germany ($16.5B), United States ($14.5B), and Japan ($12B).

Imports In 2023 the top importers of Rubber & articles thereof were United States ($34.6B), Germany ($16.2B), China ($16B), Mexico ($8.45B), and France ($8.45B).

Ranking Rubber & articles thereof ranks 25th in the Product Complexity Index (PCI).

Latest Trends

Latest Data

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Flow
Y-AXIS SCALE

The following visualization shows the latest trends on Rubber & articles thereof. Countries are shown based on data availability.

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

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* Trade values are converted to USD using each month's exchange rate. For December 2023 data, the exchange rate from December 30, 2023 is used.

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Historical Data

Exporters and Importers

Top Origin (2023)China$34.3B
Top Destination (2023)United States$34.6B

In 2023 Rubber & articles thereof were the world's 19th most traded product (out of 96).

In 2023, the top exporters of Rubber & articles thereof were China ($34.3B), Thailand ($18.1B), Germany ($16.5B), United States ($14.5B), and Japan ($12B).

In 2023, the top importers of Rubber & articles thereof were United States ($34.6B), Germany ($16.2B), China ($16B), Mexico ($8.45B), and France ($8.45B).

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Exporters of Rubber & articles thereof (2023)
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Importers of Rubber & articles thereof (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Spain$603M
Top Destination Growth (2022 -  2023)France$297M

Between 2022 and 2023, the exports of Rubber & articles thereof grew the fastest in Spain ($603M), Mexico ($537M), Hungary ($325M), Romania ($320M), and Germany ($290M).

Between 2022 and 2023, the fastest growing importers of Rubber & articles thereof were France ($297M), Russia ($260M), Uzbekistan ($256M), Mexico ($246M), and Kazakhstan ($181M).

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Exporters of Rubber & articles thereof (2022 - 2023)

Importers of Rubber & articles thereof (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Rubber & articles thereof.

In 2023, market concentration measured using Shannon Entropy, was 4.9. This means that most of the exports of Rubber & articles thereof are explained by 29 countries.

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Value of Exports in Rubber & articles thereof

Net Trade

TOP NET EXPORTER (2023)China$18.3B
TOP NET IMPORTER (2023)United States$20.2B

This map shows which countries export or import more of Rubber & articles thereof. Each country is colored based on the difference in exports and imports of Rubber & articles thereof during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Rubber & articles thereof were China ($18.3B), Thailand ($15.4B), Japan ($7.45B), South Korea ($4.92B), and Vietnam ($3.66B).

In 2023, the countries that had a largest trade value in imports than in exports of Rubber & articles thereof were United States ($20.2B), Australia ($3.57B), Canada ($3.34B), United Kingdom ($2.98B), and Mexico ($2.84B).

Net Trade (2023)

Disaggregation

Value
Disaggregation

In 2023, the world most traded Rubber & articles thereof, disaggragated by their HS6 level were Rubber Tires ($99B), Other Rubber Products ($33.4B), Synthetic Rubber ($25.9B), Rubber ($13.6B), and Rubber Pipes ($12.7B)

HS6 Disaggregation for Rubber & articles thereof (2023)
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Country Comparison

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Measure
Ranking

This visualization shows the countries that have an important ratio of their trade related to Rubber & articles thereof.
It is possible to select the main countries that export or import Rubber & articles thereof in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Rubber & articles thereof by percentage of total exports

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALGermany+ $191M
TOP IMPORT POTENTIALChina+ $96.9M

Rubber & articles thereof’s highest export potential is Germany. With an export gap of $191M.  Rubber & articles thereof’s highest import potential is China with an import gap of $96.9M.

See methodology.

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Product Complexity

Diversification Frontier

Specialization

The Complexity-Relatedness diagram compares the risk and the strategic value of a product's potential export opportunities. Relatedness is predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth potential, lower income inequality, and lower emissions.

Relatedness vs Country Complexity (2023)

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